Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
The developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection in hopes it can retain control of the property and resume construction later this year.
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement,
the company announced Thursday afternoon.
Financially troubled developer Lauth Group Inc. is looking for new office space after the company’s largest investor took
control of the building it now calls home.
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate’s latest report, but the market shows signs of stabilizing.
CEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
One of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf
tournament on Sunday.
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city’s sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
A Ball State architect thinks Indianapolis residents will like what they see in the new J.W. Marriott hotel downtown and beat
drums for more interesting buildings.
Clarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington
Street into a center for home-health and pharmacy services.
The Indianapolis industrial real estate market didn’t escape the recession unscathed, but the sector outperformed most other
cities and took less of a hit than in the last recession.
Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real
estate sources say.
A new task force is charged with making recommendations for development of the city’s downtown certified technology
park.
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for
non-airport uses.
The Indiana State Teachers’ Retirement Fund is negotiating to buy a 12-story office building across from the
Statehouse in what could be the year’s largest downtown office transaction.
The NCAA executive committee on Thursday approved a $35 million addition to the governing body’s headquarters in White River
State Park in Indianapolis.
As it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees to its corporate
center
by mid-2010.
